Venezuela (VEN) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Venezuela-Guatemala Trade: In 2022, Venezuela exported $84.5M to Guatemala. The main products that Venezuela exported to Guatemala were Semi-Finished Iron ($53.2M), Hot-Rolled Iron Bars ($14.4M), and Non-fillet Frozen Fish ($9.9M). Over the past 5 years the exports of Venezuela to Guatemala have increased at an annualized rate of 36.5%, from $17.8M in 2017 to $84.5M in 2022.

In 2022, Venezuela did not export any services to Guatemala.

Guatemala-Venezuela Trade: In 2022, Guatemala exported $31.1M to Venezuela. The main products that Guatemala exported to Venezuela were Raw Sugar ($13.1M), Palm Oil ($4.98M), and Rubber ($2.83M). Over the past 5 years the exports of Guatemala to Venezuela have increased at an annualized rate of 17.1%, from $14.1M in 2017 to $31.1M in 2022.

In 2022, Guatemala did not export any services to Venezuela.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $84.5M to Guatemala. The main products exported from Venezuela to Guatemala were Semi-Finished Iron ($53.2M), Hot-Rolled Iron Bars ($14.4M), and Non-fillet Frozen Fish ($9.9M). During the last 5 years the exports of Venezuela to Guatemala have increased at an annualized rate of 36.5%, from $17.8M in 2017 to $84.5M in 2022.

In 2017, Guatemala exported $31.1M to Venezuela. The main products exported from Guatemala to Venezuela were Raw Sugar ($13.1M), Palm Oil ($4.98M), and Rubber ($2.83M). During the last 5 years the exports of Guatemala to Venezuela have increased at an annualized rate of 17.1%, from $14.1M in 2022 to $31.1M in 2017.

Exports from Venezuela () to Guatemala () (2022)

Exports from Guatemala () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Guatemala ()

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Guatemala
Top DestinationUnited States$5.23B

This map shows whether countries import more from Venezuela or Guatemala. Each country is colored based on the difference in imports they receive from Venezuela and Guatemala or the difference in the growth in imports.

In 2022, countries that imported more from Venezuela than Guatemala included Turkey ($597M), Brazil ($361M), and China ($703M).

In 2022, countries that imported more from Guatemala than Venezuela included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

Difference in imports from Guatemala () and Venezuela () (2022)

Comparative Advantage Venezuela - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Venezuela and Guatemala by product, considering products traded by both, Venezuela and Guatemala.

During 2022, Venezuela had a large net trade with Guatemala in the exports of Metals ($67.6M), Animal Products ($10.7M), and Paper Goods ($3.15M).

During 2017, Guatemala had a large net trade with Venezuela in the exports of Foodstuffs ($14.6M), Animal and Vegetable Bi-Products ($4.98M), and Chemical Products ($4.83M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Venezuela and Guatemala. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Guatemala. Similarly, a dot/product with the flag of Guatemala indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Guatemala () (2022)

Exports from Guatemala () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Guatemala ()

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Venezuela () (2022)

Comparative Advantage Venezuela - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Guatemala () (2022)

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